L/C Participation Fee definition

L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).
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L/C Participation Fee is defined in Section 2.1(b) hereof.
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L/C Participation Fee is defined in Section 3.1(b).
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Examples of L/C Participation Fee in a sentence

  • Notwithstanding the foregoing, in the case of any Letter of Credit that will expire later than the first anniversary of the issuance, amendment, renewal or extension thereof, the L/C Participation Fee and Issuing Bank Fees shall be increased by an amount to be agreed upon prior to such issuance, amendment, renewal or extension by the applicable Borrower, the applicable Issuing Bank and the Required Lenders.

  • If at any time any principal of or interest on any Loan or any fee or other amount payable by the Loan Parties hereunder has not been paid when due, whether at stated maturity, upon acceleration or otherwise, the LC Participation Fee shall be increased to a per annum rate equal to 2% plus the otherwise applicable rate with respect thereto for so long as such overdue amounts have not been paid.

  • Following the occurrence and during the continuance of an Event of Default, the LC Participation Fee shall be increased to a per annum rate equal to 2% plus the otherwise applicable rate with respect thereto.

  • The Agent shall share with each Bank on a pro rata basis relative to its Commitment Percentage a portion of each payment of a Reimbursement Obligation (whether of principal or interest) and any L/C Participation Fee payable by the Company.

  • The LC Participation Fee will be payable in arrears on the last Business Day of each Fiscal Quarter.


More Definitions of L/C Participation Fee

L/C Participation Fee shall have the meaning specified in Section 1.6(a) hereof.
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L/C Participation Fee shall have the meaning assigned to such term in Section 2.06(c).
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L/C Participation Fee shall have the meaning assigned to such term --------------------- in (S) 1.6(b).
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L/C Participation Fee means the US L/C Participation Fee and/or the Multicurrency L/C Participation Fee, as the context may require.
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L/C Participation Fee means the U.S. L/C Participation Fee, Canadian L/C Participation Fee, French L/C Participation Fee, German L/C Participation Fee, Spanish L/C Participation Fee and/or U.K. L/C Participation Fee, as the context may require.
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L/C Participation Fee shall have the meaning assigned to such term in Section 2.12(b). “Latest Maturity Date” shall mean, at any date of determination, the latest of the latest Revolving Facility Maturity Date and the latest Term Facility Maturity Date, in each case then in effect on such date of determination.
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L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c). “Lead Arranger” shall, collectively, mean RBC Capital Markets, HSBC Bank Canada and Bank of Montreal. “Lender Joinder Agreement” shall mean a joinder agreement in form and substance reasonably satisfactory to the Applicable Administrative Agent delivered in connection with Section 2.25. “Lenders” shall mean (a) the persons listed on Schedule 2.01 (other than any such person that has ceased to be a party hereto pursuant to an Assignment and Acceptance or pursuant to Section 2.24), (b) any person that has become a party hereto pursuant to an Assignment and Acceptance or a Lender Joinder Agreement and (c) the Swing Line Lenders. “Letter of Credit” shall mean any standby or commercial letter of credit issued (or, in the case of a Rolled Letter of Credit, deemed issued) pursuant to Section 2.21. A Letter of Credit shall be a “U.S. Letter of Credit” if issued under the U.S. Revolving Credit Facility, a “Canadian Letter of Credit” if issued under the Canadian Revolving Credit Facility and an “Australian Letter of
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